Zacks Investment Management Has $13.16 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Zacks Investment Management cut its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 484,548 shares of the industrial products company's stock after selling 84,492 shares during the quarter. Zacks Investment Management owned approximately 0.16% of Graphic Packaging worth $13,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GPK. Picton Mahoney Asset Management raised its stake in Graphic Packaging by 55.4% during the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after buying an additional 394 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Graphic Packaging during the 4th quarter valued at approximately $32,000. Avior Wealth Management LLC boosted its holdings in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after purchasing an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 689 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Graphic Packaging by 58.2% in the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock worth $41,000 after buying an additional 549 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Price Performance

Shares of NYSE:GPK traded up $0.70 during trading on Tuesday, reaching $25.21. The company had a trading volume of 374,043 shares, compared to its average volume of 2,421,127. Graphic Packaging Holding has a twelve month low of $23.03 and a twelve month high of $30.70. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. The firm has a market capitalization of $7.61 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80. The firm's fifty day moving average is $25.89 and its 200 day moving average is $27.47.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.04). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the firm posted $0.75 EPS. The firm's quarterly revenue was down 6.8% on a year-over-year basis. On average, equities analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th were paid a $0.11 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.75%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's payout ratio is currently 20.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GPK shares. Robert W. Baird cut their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Citigroup restated a "neutral" rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Truist Financial reduced their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating for the company in a report on Monday, March 24th. Finally, Wells Fargo & Company raised shares of Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $31.37.

Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.